Food for the Stomach or Fuel for the Tank: What do Prices Tell Us?
| dc.creator | Kafle, Kashi | |
| dc.creator | Pullabhotla, Hemant | |
| dc.date | 2017-04-01T20:11:13Z | |
| dc.date.accessioned | 2026-07-09T09:50:06Z | |
| dc.description | The "food vs. fuel" debate may be difficult to resolve without letting the data ’speak’. We investigate the short and long-run relationships between food and fuel prices. Our analysis spans the period 1989-2013, covering the lead-up to the 2007-08 price spike, the sharp downward movement in the aftermath, as well as the period thereafter. This provides a more complete picture of the interaction between agriculture and fuel markets. Our results indicate the existence of a long-run equilibrium relationship between the prices in these markets. A closer examination of the dynamics between ethanol and corn, soybean, and sugar prices shows that the corn-soybean linkage plays a key role in shaping the long-run relationship between food and fuel prices. Although ethanol prices Granger cause corn prices, no individual agricultural commodity Granger causes ethanol prices. However, corn and soybean as a single group has an impact on the ethanol market | |
| dc.identifier | doi:10.22004/ag.econ.211822 | |
| dc.identifier | https://ageconsearch.umn.edu/record/211822/files/Kafle-Food%20for%20the%20Stomach%20or%20Fuel%20for%20the%20Tank-1134.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/211822 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/612819 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/211822 | |
| dc.title | Food for the Stomach or Fuel for the Tank: What do Prices Tell Us? | |
| dc.type | Text |